UDR — tear sheet

The quantorb money-flow snapshot for the 2026-09-23 US session shows an MFI reading of 5.39 carrying a BUY signal label (strength 0.7483), which the dataset itself characterizes as a quantitative screen output, not a recommendation. Following a three-analyst risk review, the engine assesses an Underweight stance on UDR with a one-to-two-quarter review horizon. Its evidence: although management's 8-K press release (2026-07-27) reported second-quarter results that exceeded prior guidance and raised full-year ranges, the engine notes the shares fell roughly 14% afterward, from 38.96 to 33.55. Per the 8-K, FFOA per diluted share was flat at $0.64 while FFO slipped to $0.60 from $0.61, and year-to-date same-store expense growth of 3.5% outpaced revenue growth of 1.3%, leaving same-store NOI at 0.3%. The engine's review adds persistent distribution, while the quantorb 13F dataset shows specialist holders Centersquare (-10.9%) and GRS (-9.0%) reducing. Sources: FACTS (QuantOrb 2026-09-23 snapshot); EIGHTK; THIRTEENF; engine final decision and risk review.

Source: SEC 13F-HR holdings (as of 2026-03-31) via quantorb filers data — quarter-end snapshots, statutory lag up to 45 days

Quarter-end 13F-HR snapshot for UDR as tracked in the quantorb filers dataset (5 institutional filer rows on file; positions as of 2026-03-31, a quarter-end snapshot subject to the statutory 13F reporting lag of up to 45 days). Quarter-over-quarter share changes where the dataset carries them:

This is the dataset's tracked top-holder snapshot, not an exhaustive list of 13F filers; it is a periodic regulatory disclosure, not real-time portfolio data.

Management's own 8-K Item 2.02 press release (2026-07-27) — a company press release, not a transcript — reported second-quarter 2026 net income of $0.21 per diluted share versus $0.11 a year earlier, FFO of $0.60 versus $0.61, and FFOA flat at $0.64. Same-store revenue rose 1.8% year over year with NOI up 1.4%, while sequential expenses declined 3.9%. The release announces raised full-year 2026 guidance ranges for same-store growth and FFOA per diluted share. Chairman, President and CEO Tom Toomey stated leasing strength is "tracking ahead of our initial expectations" and cited "the resiliency of the economy, waning supply, and attractive relative affordability of apartments." Catalysts visible in the corpus: the engine's outputs treat the late-October Q3 print as its reassessment point; the 10-K (filed 2026-02-17) discloses one wholly-owned community under development (300 homes) plus capitalized predevelopment costs, and the engine's sentiment review notes a 220th consecutive common stock dividend announcement. Sources: EIGHTK (management's press release); FILING (SEC 10-K, filed 2026-02-17); engine sentiment and final decision outputs.

Several risks emerge from the engine's review and the documents. Rate sensitivity: the engine notes the 10-year Treasury at 2007-era highs and a ~5% risk-free yield eliminating any income premium over the ~5.2% derived dividend yield. Funding: the engine's review cites net debt/EBITDA near 5.5x, commercial paper up ~118% to $480 million against $1.2 million of cash, negative working capital of roughly -$714 million, and trailing shareholder returns (~$986 million) exceeding operating cash flow (~$887 million). Operating mix: the 8-K shows year-to-date same-store expenses (+3.5%) outpacing revenue (+1.3%), leaving NOI up 0.3%. Technical distribution: the engine flags eleven weeks of lower highs and lows, MFI 5.39, RSI 19.39, a widening MACD histogram, heavy-volume down days, a potential 50/200 cross, and no verified support below roughly $32.90-$33.30. Per the quantorb 13F dataset (2026-03-31, up to a 45-day lag), specialist holders reduced while adds came from faster-trading managers. Sources: EIGHTK; THIRTEENF (quantorb 13F dataset); engine risk review and final decision.